
Avalanche (CRYPTO:AVAX) gained nearly 7% in 24 hours, briefly reaching US$6.92 before easing to US$6.79.
The token gained more than 5% weekly as several developments increased activity across the Avalanche ecosystem.
“What happens next will define the broader structure,” said market analyst The Boss.
Securitize distributed US$976 million of assets on Avalanche, representing a 123% increase over the past 30 days.
Avalanche's stablecoin market value stands near US$1.5 billion, while the network has 9,218 real-world asset holders.
Progmat moved more than US$2.7 billion of tokenised assets onto Avalanche after migrating from a private Corda-based ledger.
Avalanche's Helicon upgrade reached the Fuji Testnet on 28 July, adding transaction, staking and fee-pricing changes.
At the time of reporting, Avalanche price was $6.69.
Avalanche (CRYPTO:AVAX) will support up to US$11 billion in tokenised real-world assets under a new agreement with BridgeTower Capital.
Avalanche Treasury Company shares fell 16% in their Nasdaq debut on Thursday after the firm completed a $675 million merger with special-purpose acquisition company Mountain Lake Acquisition and began trading under the ticker AVAT.